ICICI Prudential Flexicap Fund NFO

ICICI Prudential Flexicap Fund NFO

ICICI Prudential Mutual Fund has announced the launch of the ICICI Prudential Flexicap Fund. The scheme would be predominantly investing its assets in large-cap, mid-cap, and small-cap companies.

The New Fund Offer (NFO) starts on 28th June 2021 and will end on 12th July 2021.

Investment Objective 

The scheme’s investment objective is to generate long-term capital growth by investing its assets in equity and equity-related securities of large-cap, mid-cap, and small-cap companies.

Features

1. The fund will be investing a minimum of 65% of its assets in the equity and equity-related securities of every market capitalization.
2. The fund may allocate its asset in debt or money market instruments, units of InvITs, and REITs.
3. The fund can invest in any companies across the market capitalizations & sectors.
4. The fund does not have any restriction to allocate its assets across market capitalization.

Portfolio Construction Process

1. Investment Philosophy - Fund aims to invest across the market opportunities through its in-house market cap model.
2. Investment Approach - Fund will use top-down approach for identification of large-cap stocks while bottom-up approach for mid and small-cap stocks.
3. Stock selection - Stocks will be selected on various factors like Macros, Company Fundamentals, Valuations, etc.
4. Investment Process - Fund managers will invest across the market depending upon the attractiveness.
5. Investment Universe - Opportunities will be identified from the universe of S&P BSE 500.
6. Re-Balancing - The portfolio will be periodically re-balanced as per the in-house market cap model.

ICICI Flexicap Fund - Stock selection Approach

1. Top-Down Approach - Mainly used to identify opportunities in the large-cap space. It analyzes various factors like

• Economic indicators
• Policy response
• Growth
• Inflation
• Global macros
• Future earning potential
• Future project pipeline

2. Bottom-Up Approach - Mainly used to identify opportunities in the mid and small-cap space. It analyzes various factors like

• Growth outlook
• Opportunity size
• Management track record
• Historical return ratios
• Valuations

Who Should Invest?

This scheme is suitable for investors who are -

• Interested in long-term capital growth.
• Investors who want to invest in a well-diversified portfolio.
• Investors who want to invest in companies across market capitalization.
• Recommended for investors with an investment horizon of 5 years & above.

Asset Allocation Pattern

About the Scheme

SIP Details